Loan Comparison: 6.39% vs 6.5%
5043 Thrush Drive, Pueblo, CO 81008 · 2bd/2ba · $359,900
List Price
$359,900
Assumable Rate
6.39%
Remaining Balance
$334,657
Equity Gap
$25,242
Loan Type
FHAAdjust Your Scenario
$17,995
$17,995$25,242
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.39% (FHA)
Blended Rate: 6.41%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,161/moAssumable @ 6.39% + gap loan
$2,142/moAssumed loan: $2,091/mo
Gap financing: $51/mo
$19less per month with the assumable
Your Savings on This Property
5043 Thrush Drive, Pueblo · 6.39% FHA vs 6.5% conventional
$19
per month
$231
per year
$6,945
over 30 years
$6,944
interest saved
How gap financing works: The equity gap ($25,242) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($17,995, 5% of purchase price) and a second mortgage for the rest ($7,247 at 7.5%). Even with two payments, the blended cost is typically much lower than a new conventional loan. We work with lenders who specialize in assumption gap financing.
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